Serial bonds require payment of the full principal amount of the bond at a single maturity date.
Answer the following statement true (T) or false (F)
False
Serial bonds require payments in installments over a series of years. Term bonds require payment of the full principal amount of the bond at a single maturity date.
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Darius and Chantal own a cabin in Lake Arrowhead, California. During the year, they rented it for 45 days for $10,000 and used it for 12 days for personal use. The house remained vacant for the remainder of the year. The expenses for the house included $9,000 in mortgage interest, $2,000 in property taxes, $1,000 in utilities, $600 in maintenance, and $3,000 in depreciation. What is their net income or loss from their cabin (without considering the passive loss limitation)? Use the IRS method for allocation of expenses. (Round your answer to the nearest whole dollar.)
A. $10,000 net income B. $2,316 net loss C. $0 D. $5,600 net loss
Through the competitive budget method, the ad budget is set to match the percentage of sales budget of an important competitor
Indicate whether the statement is true or false
The Perfect Manager (Scenario)Brenda Kraft has proven to be an able manager. Her section has a high project completion rate with highest quality products and the lowest defects in her division. In addition, she accomplishes this with fewer full-time people than other managers. Some say that the secret of her success is in her ability to delegate responsibility and her understanding of "management functions."The fact that Brenda completes her projects is an indication of her ________ as a manager.
A. leadership B. effectiveness C. efficiency D. attention to detail
A tax-free gift of up to ________ per year in 2015 can be given to another person
A) $1,000 B) $5,000 C) $14,000 D) $20,000